Parliament approves re-appointment of Kuroda

16 Mar 2018 09:10 AM

The Japanese parliament on Friday officially approved the appointment of Kuroda, as a governor of the Bank of Japan, for a second term of five years, with two new deputies joining him.

On the basis of this decision, the outlook for the Bank of Japan to keep its expansionary policy as it is for a longer period of time.

The two vice-presidents will be Amamiya, the Bank of Japan's chief executive who has largely contributed to maintaining the current monetary policy unchanged, and Wakatabe, a university professor and supporter of Abe's policy over the past period.

It should be noted that after the reappointment of Kuroda again 73-year-old will become the throne of the most Governors of the Bank of Japan continues to power for a long period of time.

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